Pajon, winner of the BMX cycling competition at the London 2012 Olympic Games, received Colombia's Best Athlete Award for 2012, while Falcao was named 2012's Person of the Year, reports Xinhua.

Pajon, 21, brought home from London only the second Olympic gold medal in the history of Colombian sports.

"I am really grateful to Colombia for this award, for voting for me. This award should be, in principle, for the 104 athletes who went to London 2012," said Pajon.

The second best athlete of the year went to Olympian Catherine Ibarguen, who won silver in the triple jump, as well as to Paralympic medal winners Elkin Serna (silver medal in marathon) and swimmer Moises Fuentes (silver medal in the 100-meter breast stroke).